Like other countries in the world, China must uphold its own sovereignty, territorial integrity and development interests. At the same time, we are willing to properly handle differences and disagreements in state-to-state relations in accordance with the basic norms governing international relations and the principle of mutual understanding, mutual accommodation, dialogue and consultation.

Since the beginning of the 21st century, thanks to the concerted efforts of both sides, China-U.S. relationship has on the whole enjoyed steady growth. Since President Obama took office, we have maintained close contact through exchange of visits, meetings, telephone conversations and letters.

Only reform and opening up can develop China. We must not be afraid of any risks, and not be confused by any distractions.

Building a good, stable, and productive China-U.S. relationship is in our mutual interest of our two countries and our two peoples, and also contributes to peace and development.

The monetary policy of the United States has a major impact on global liquidity and capital flows and therefore, the liquidity of the US dollar should be kept at a reasonable and stable level.

China recognizes and also respects the universality of human rights. We will continue our efforts to promote democracy and the rule of law.

China has made important contribution to the world economy in terms of total economic output and trade, and the RMB has played a role in the world economic development. But making the RMB an international currency will be a fairly long process.